CompuCom announces 1994 estimates.DALLAS--(BUSINESS WIRE)--Jan. 19, 1995--PC services integrator (1) In electronics, a device that combines an input with a variable, such as time, and provides an analog output; for example, a watt-hour meter. (2) See systems integrator. CompuCom Systems Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CMPC CMPC Classified Matter Protection and Control CMPC Compañia Manufacturera de Papeles y Cartones S.A. CMPC Cisco Multi-Path Channel CMPC Children's Media Policy Coalition CMPC Central Milk Producers Cooperative CMPC Connecticut Minority Purchasing Council ) Thursday announced unaudited revenue estimates for the year ended December 31, 1994 exceeded the $1 billion mark for the second consecutive year. Revenues rose approximately 24 percent to $1.25 billion compared with revenues of $1.0 billion for 1993. Net earnings for the year are estimated to increase approximately 28 percent to $14.6 million ($.40 per share) from $11.4 million ($.34 per share) in 1993. Audited earnings and revenues are scheduled for release by mid-February. Fourth quarter revenues increased approximately 13 percent to $360 million in 1994 compared to $318 million in 1993. Estimated fourth quarter net earnings increased approximately 31 percent to $5.4 million ($.15 per share) from $4.1 million ($.12 per share) in 1993. The estimates are subject to audit and final year-end adjustments. "Earnings in the fourth quarter were positively impacted by strong product margins, combined with increased product demand," said Edward R. Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic , CompuCom's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Our strategy is to continue to increase our service capabilities, while expanding and broadening our product distribution systems." CompuCom's strategy has been focused on expanding its enterprise network integration capabilities through internal growth and the acquisition of successful regional service providers. In December 1994, CompuCom acquired International Micronet Systems, a provider of network integration services and training. In addition, the company and James H. Hamilton Hamilton, city, Bermuda Hamilton, city (1990 est. pop. 3,100), capital of Bermuda, on Bermuda Island. It is a port at the head of Great Sound, a huge lagoon and deepwater harbor protected by coral reefs. launched a client-server development company, ClientLink, which develops cross-platform applications and front-end management systems. "Our customers' needs for high-level services, particularly in enterprise network integration, are growing," said James W. Dixon, CompuCom's chairman. "And our ability to provide these services is increasing tremendously. Our service business has grown approximately 70 percent from 1993. We have steadily developed a substantial service organization, with nearly $60 million in revenues, while maintaining our commitment to customer satisfaction." CompuCom Systems Inc., headquartered in Dallas, is a leading provider of product procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , configuration, network integration and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for corporate customers nationwide. CONTACT: CompuCom Systems Inc., Dallas Edward R. Anderson or Robert J. Boutin, 214/265-3600 |
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